OMB approves the
PRA request with emergency clearance to meet American Reinvestment
and Recovery Act requirements. This collection will be valid for
six months. If Treasury decides to continue use of the collection
past the approved emergency request clearance time period, it must
resubmit to OMB under the normal PRA clearance process for a
three-year approval.
Inventory as of this Action
Requested
Previously Approved
12/31/2009
6 Months From Approved
25
0
0
250
0
0
0
0
0
The American Recovery and Reinvestment
Act of 2009 provides, under § 30 of the Internal Revenue Code, a
credit for certain new specified plug-in electric drive vehicles.
This notice provides procedures for a vehicle manufacturer to
certify to the IRS that a vehicle meets the statutory requirements
for the credit, and to certify the amount of the credit available
with respect to the motor vehicle. The notice also provides
guidance to taxpayers who purchase motor vehicles regarding the
conditions under which they may rely on the vehicle manufacturers
certification.
We are requesting
Emergency processing of NOT-111495-09. This request was submitted
on April 22, 2009 and is needed to publish the guidance by June 30,
2009. The collection of information is needed more quickly than the
normal review process in order to inform manufacturers how to get
IRS certification of their vehicles for the specified electric
plug-in vehicle credit provided in section 30 of the Internal
Revenue Code. This credit was created by the American Recovery and
Reinvestment Tax Act of 2009, H.R. 1, 123 STAT. 115 (the Act),
which was enacted on February 17, 2009. The section 30 credit was
effective immediately. This proposed Notice includes information
informing manufacturers of certain new specified plug-in electric
drive vehicles how to request IRS certification of their vehicles
and the documentation necessary to complete the certification
process. Under the proposed Notice, manufacturers certify that
their vehicle meets the statutory requirements for the credit as
well as the amount of the credit available to purchasers of their
vehicle and the IRS reviews the manufacturers submission for
completeness. If the terms of the proposed Notice are met by the
manufacturer, the IRS issues a letter to the manufacturer and
purchasers can rely on this letter in taking the credit.
US Code:
26 USC
30 Name of Law: Credit for qualified electric vehicles.
PL:
Pub.L. 111 - 5 115 Name of Law: ARRA
This is a new collection.This
notice sets forth interim guidance, pending the issuance of
regulations, relating to the new specified plug-in electric vehicle
credit under § 30 of the Internal Revenue Code. Specifically, this
notice provides procedures for a vehicle manufacturer (or, in the
case of a foreign vehicle manufacturer, its domestic distributor)
to certify to the Internal Revenue Service (Service) both: (1)
that a vehicle of a particular make, model, and model year meets
certain requirements that must be satisfied to claim the new
specified plug-in electric vehicle credit under § 30; and (2) The
amount of the credit allowable with respect to that vehicle. This
notice also provides guidance to taxpayers who purchase vehicles
regarding the conditions under which they may rely on the vehicle
manufacturers certification in determining whether a credit is
allowable with respect to the vehicle and the amount of the credit.
The Service and the Treasury Department expect that the regulations
will incorporate the rules set forth in this notice. This will
result in an increase of 250 hours.
$0
No
No
Uncollected
Uncollected
Yes
Uncollected
Patrick Kirwan 202
622-3110
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.
30Notice Draft4-22 .doc
NOT-1114195-09, Manufactures' Certification of Specified Plug-in Electric Vehicles